Talks Deliver 103,085-SF, Class A Industrial Lease

DALLAS-A Bristol, CT-headquartered precision parts maker has secured 103,085 sf of class A industrial space in Dallas as it plans an exit from a longtime leased address in the Great Southwest Industrial District and another location in Las Colinas absorbed this year with the takeover of a Des Plaines, IL-based competitor.

The Barnes Group Inc. sealed a 10-year warehouse lease for Stoneridge 7 at 8801 Autobahn Dr., an ING Clarion-owned property that’s part of a pending portfolio sale. As Barnes finalized the acquisition of KAR Products, a Cushman & Wakefield of Texas Inc. team in Dallas and the national account’s primary broker from C&W’s Stamford, CT office compiled the list of consolidation possibilities. The consolidation lease was cut in four months.

Rick Hughes, senior director in Dallas, tells GlobeSt.com that Stonebridge Business Center won for its ease of access to the Interstate 20 Corridor for the distribution operation and the availability and skills of a labor force for future expansion. He and Noel Hutcheson, also in Dallas, and Frank Brown in the Stamford office, represented the tenant, who will stage a phased-in move-in beginning Jan. 1 and ending in mid-March to coincide with expirations of extended leases. The New York City-based ING Clarion was represented at the bargaining table by Scott Krikorian and Jake Marks, both with Trammell Crow Co.